Friday, January 13, 2017 10:41:42 AM
http://www.einnews.com/pr_news/352841956/acology-poised-to-capture-canada
We received a PR last week that they were heading back to Canada to finish it up then and the update shareholders the week after, which is this coming week. Our sister company $KSHB is trading at $2.97 a share and made just $5.5 Mil revenue last year with margins of 48%. Here is the CNBC artcile on their profiles- http://www.cnbc.com/nick-kovacevich-and-dallas-imbimbo/ (they've made $30M in total but they also run a renting company on the side.)
Acology is poised to enter Canada where the Mj industry will be 10B next year and they're expected to produce nearly 1M units at the premium $15.95 (personalized dispensary names) Our profit margins last year were 92% but now since we have a new partnership with Boveda we are definitely getting paid big bucks for the real estate inside one of the bottles. I will take a shot in the dark and say Acology is probably very close to doing 100%-110% margins. The CEO and his brother own 3.85B shares restricted which means the float is just 700M. We will be running to the multi dollar land in my opinion and im not looking back.
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